New Mexico offers $400 million in small-business loans
(WorldNews Mexico)

SANTA FE, N.M. (AP) — New Mexico will offer small businesses up to $400 million in low-interest loans to help them withstand economic turmoil linked to the coronavirus pandemic under a bill signed Tuesday by Gov. Michelle Lujan Grisham. The legislation also makes a smaller pool of loans available to local governments. Eligible small businesses can borrow up to $75,000 that comes from the state`s severance tax permanent fund, a $5 billion trust...